The new securities commission under the leadership of Khondoker Rashed Maqsood froze assets in 617 beneficiary owner's (BO) accounts mostly upon receiving court orders or requests from several government agencies over corruption allegations. There were also cases of misconduct, mainly share
The country's leading biscuit and confectionery producer Olympic Industries has decided to invest in "multi colour cookie production" to stay ahead of competitors after its recent investment in production of crackers, chocolate, chanachur, and cake. In a stock exchange filing on Thursday, the comp
The key index of the Dhaka Stock Exchange (DSE) rose in the first hour of trading on the last working day of the week, while the Chattogram Stock Exchange (CSE) saw a marginal decline. At the DSE, the benchmark DSEX index gained 12 points shortly after trading began, as per a UNB report. Among th
The stock market regulator will hold a meeting with representatives from retail investors on May 29 to listen to their complaints and grievances. Anisuzzaman Chowdhury, special assistant to the chief adviser, will preside over the meeting. Bangladesh Securities and Exchange Commission (BSEC) Chair
The Bangladesh Shipping Corporation (BSC) secured an 11 per cent year-on-year growth in profit to Tk 755 million in January-March this year, driven by higher revenue and capital gains from sale of fire-damaged lighter ships. Earnings per share rose to Tk 4.95 in the quarter to March from Tk
Both the Dhaka and Chattogram stock markets ended with indices on the rise, accompanied by gains in the majority of listed companies on Wednesday, the fifth trading day of the week. Trading volume also increased in both the bourses. At the Dhaka Stock Exchange (DSE), the benchmark index DSEX adva
Dr Anisuzzaman Chowdhury, special assistant to the Chief Advisor, will sit with the representatives of capital market investors’ associations on May 29. The Bangladesh Securities and Exchange Commission (BSEC) has taken the initiative as part of ongoing market reforms and present market cond
Local electronic giant Walton Hi-Tech Industries has appointed a partner organisation in Singapore to increase its market access. Walton seems to have considered taking advantage of the market accessibility of the new partner, Flair M&E Pte Ltd in Singapore as it said the organisation will take th
The securities regulator has revoked the TREC licence of Shah Mohammad Sagir & Co over the embezzlement of clients' funds worth around Tk 137 million six years ago. Trading at the brokerage firm was suspended in September 2019 to protect investors after the regulator confirmed misappropriation of
The capital market taskforce on Monday submitted final reports - on initial public offering (IPO) and mutual funds -- to the securities regulator without major changes in the draft reports. The only notable change in the final report on IPO rules is the expansion of IPO quota to 60 per cent from
Amid the persistent fall of stock indices, the chief of the securities regulator on Monday met the finance adviser to discuss the implementation of recent directives from the chief adviser to help rejuvenate the market. After the meeting, Bangladesh Securities and Exchange Commission (BSEC) Chairm
Stocks witnessed another setback on Monday, with the prime index of the Dhaka Stock Exchange (DSE) sinking to a fresh five-year low despite government efforts to boost investors' confidence. The interim government has planned a number of initiatives, including the offloading of government stakes i
The Tk 20 billion Sukuk was oversubscribed more than four times to Tk 82.48 billion in its sixth auction held at the central bank on Monday, officials said. Around 35 institutions-both conventional and Shariah-compliant financial institutions and individuals took part in the auction of the Sukuk b
